Columbia, SC — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

5.9%

Below average

Monthly Cash Flow

-$91

After all expenses

Price-to-Rent

10.9

Investor-friendly

DSCR

0.92

Fails

📊 Key Metrics

Median Home Price: $223,906
Average Rent (3BR): $1,630/mo
Price-to-Rent Ratio: 10.9(good)
1% Rule: 0.76%(fails — need 1%+)
Cash-on-Cash Return: -2.3%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 4.8%(+0.5% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +1.7000000000000002% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

0.55%

of assessed value (SC avg)

Median Income

$56,227

household (SC avg)

Rent-to-Income

34.8%

Moderate

Section 8 Max Rent

$1,630/mo

3BR voucher payment

🏛️ SC Investor Climate

Landlord Friendly

8/10

State Income Tax

Has state tax

Property Tax

0.55% effective

Population Trend

+1.7000000000000002% (3yr)

🏘️ Best Zip Codes in Columbia for Investors

29044

Cap Rate: 10.6%Cash Flow: +$365/mo$104,011

29203

Cap Rate: 9.5%Cash Flow: +$339/mo$132,239

29112

Cap Rate: 9.2%Cash Flow: +$278/mo$118,176

All Zip Codes in Columbia

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
29044	10.6%	+$365	$104,011	$1,300/mo	1.66
29203	9.5%	+$339	$132,239	$1,500/mo	1.48
29112	9.2%	+$278	$118,176	$1,310/mo	1.44
29229	6.6%	+$38	$268,184	$2,250/mo	1.03
29210	6.4%	+$2	$200,523	$1,650/mo	1.00
29201	6.4%	-$6	$244,217	$2,000/mo	1.00
29209	5.9%	-$92	$225,403	$1,740/mo	0.92
29204	5.8%	-$90	$189,814	$1,450/mo	0.91
29223	5.8%	-$105	$222,409	$1,700/mo	0.91
29172	4.9%	-$256	$209,611	$1,410/mo	0.77
29212	4.7%	-$396	$280,146	$1,820/mo	0.73
29205	3.4%	-$785	$312,367	$1,610/mo	0.53
29070	3.3%	-$664	$256,670	$1,300/mo	0.51
29206	3.0%	-$1,095	$391,190	$1,880/mo	0.47